How do you know if your reserve fund is enough? Are you prepared for major repairs? Today we’ll give your HOA board the tools you need to assess your HOA reserve fund strength and make informed decisions.
Board members and managers sometimes ask us how to effectively communicate the results of their Reserve Study to homeowners, or how to “sell” the value of a Reserve Study to their homeowner members. So please see the template “open letter” we’ve created for you below.
Reserve studies are a crucial tool that help HOAs plan effectively and avoid financial burdens. We’ll show you the true purpose of a HOA reserve study, how to overcome objections from other board members, and how to get one in the first place.
We’ll cover real-life examples of a townhome and a condo – so you can see how complete HOA reserve funding is done, right from the experts!
A HOA reserve study is a professional analysis that assesses an HOA’s current and future expenditure needs. Here’s how it works in 2024!
What gets funded by reserves? See what components are included in a HOA reserve study and what your reserve fund cannot be used for!
